Astana to start construction of Industrial Park No.2

This year, construction of the Industrial Park No.2 is set to commence in Astana. The project is currently in the design phase, with plans to commission the facility within the next three to four years. According to the Astana mayor’s office, the industrial park will occupy 400 hectares within the capital’s special economic zone. It is expected to accommodate nearly 150 projects with investments totaling 500 billion tenge. Besides, the construction of another infrastructure site - a logistics park - is scheduled to begin by the end of 2025.

«There are also plans to implement over 100 projects there, with investments ranging from 150 to 200 billion tenge. The consolidation of these large infrastructure sites will streamline the processes of production, logistics, export, and transportation of finished goods,» said Khalel Akimzhanov, Head of the Department for Investments and Entrepreneurship Development of Astana city.

Kazakhstan intends to attract at least $150 billion in investment by 2029

Astana leads Kazakhstan in attracting foreign capital investments into various investment projects. This year, a special National Digital Investment Platform has been launched in the country to comprehensively support investors. It covers around 700 projects with a total value of nearly 32 trillion tenge. Kazakhstan’s strategic goal for the next five years is to remain the main regional hub for investment attraction.

«In the new investment cycle, we aim to attract $150 billion by 2029, namely $25-27 billion annually. Drawing on the experience of developed countries, we have created a set of recommendations for a quality implementation of the new cycle. Domestic production requires essential infrastructure. Thus, the Government has developed the National Infrastructure Plan until 2029, which involves implementing more than 200 major infrastructure projects, as instructed by the Head of State,» said Gabidulla Ospankulov, Chairman of the Investment Committee of the Kazakh Foreign Ministry.